Affirm (NASDAQ:AFRM) CFO Robert O’hare Sells 8,189 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $70.00, for a total transaction of $573,230.00. Following the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $95,760. This trade represents a 85.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Affirm Stock Performance

Shares of Affirm stock traded down $0.70 on Friday, reaching $67.99. 3,428,887 shares of the company traded hands, compared to its average volume of 7,123,469. The company has a 50 day moving average of $71.87 and a 200 day moving average of $70.73. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The firm has a market capitalization of $22.44 billion, a PE ratio of 101.48, a PEG ratio of 3.14 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business had revenue of $933.34 million during the quarter, compared to analyst estimates of $881.83 million. During the same period in the prior year, the company earned ($0.31) earnings per share. Affirm’s revenue was up 33.6% compared to the same quarter last year. Equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on AFRM. Rothschild & Co Redburn raised shares of Affirm from a “neutral” rating to a “buy” rating and upped their price objective for the company from $74.00 to $101.00 in a report on Monday, October 6th. Zacks Research lowered shares of Affirm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Redburn Partners set a $101.00 price target on shares of Affirm in a research note on Monday, October 6th. Morgan Stanley cut their price objective on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Truist Financial lowered their target price on shares of Affirm from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.57.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AFRM. Allworth Financial LP increased its stake in Affirm by 53.1% in the 3rd quarter. Allworth Financial LP now owns 1,223 shares of the company’s stock worth $89,000 after purchasing an additional 424 shares during the period. IFP Advisors Inc grew its holdings in shares of Affirm by 7.4% in the third quarter. IFP Advisors Inc now owns 4,852 shares of the company’s stock worth $355,000 after purchasing an additional 333 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Affirm by 231.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 22,049 shares of the company’s stock valued at $1,611,000 after buying an additional 15,399 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Affirm during the 3rd quarter valued at $6,721,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Affirm during the 3rd quarter valued at $702,000. Institutional investors own 69.29% of the company’s stock.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.